Looking back at gasoline prices that teenagers pay when they get their driver’s license, we see an impact on their driving behavior.…
Some Tips About Tipping
Because tipping behavior reflects a social norm, many of us know the amount we are supposed to leave but we don’t necessarily do it.…
Why the World Needs Wayfinders
In public spaces like airports, hospitals, and museums, we navigate through the architectural signals that have been called wayfinding.…
How the Weather Affects What We Buy
Even influencing the kind of car we decide to buy, weather economics can have a surprising impact on the decisions we make as consumers.…
What Economists Say About a Penalty Kick
Confirming that economics relates to almost everything, game theory can explain yesterday’s women’s World Cup semifinal penalty kick save by the U.S. team.…
The Countries That Return Lost Wallets
Looking at honor systems in stores and for lost wallets, we can see how people respond and where to find the most honesty.…
Why Mapping Apps Create the Prisoner’s Dilemma
The success of a decision to use Waze, Google Maps, and other mapping apps to avoid traffic can depend on outsmarting the prisoner’s dilemma.…
How Taylor Swift Uses Temptation Bundling
Because album bundles increase our demand for a star’s recordings, they help to propel a song or album to the #1 Billboard spot.…
Why An Economist Might Like a Restaurant Queue
Because a restaurant queue can help supply and demand, some eating establishments create the signal that it sends to diners.…
A New Way to Look At Air Rage
Boarding JetBlue recently, a gracious gentleman offered to let me move in front of him. Embarrassed, I refused and explained that my boarding group was “D.” And he was a “B.” W…